Music economy: methods and indicators

D1.1 Economy of music in Europe: Methods and indicators produce the methodology and data assets for the Report on the European Music Economy is developed following the Open Policy Analysis Guidelines.

D1.1 Economy of music in Europe: Methods and indicators, following the Open Policy Analysis Guidelines, identifies critical research questions, data sources and gaps, and data collection methods regarding the economy of music in Europe. It also presents indicators co-developed to measure the economy of music in Europe. The indicator candidates are reviewed and selected indicators are added to the D5.1 Open Music Observatory as the Music Economy part of broader Digital Music Observatory.

We will provide indicators capable of capturing the full economic value of music, including zero-price uses. For this, existing data gaps are identified, analysed and filled. i.e., currently “hidden” data will be reported, MSMEs that currently do not provide data are integrated, zero-price use is measured, etc. Furthermore, methods to effectively act on this data are demonstrated.

Examples of potential indicator candidates developed in this deliverable include (but are not limited to): etc.

A pilot study demonstrates exemplary how improved data collection on the value of music can be leveraged to improve artist revenues.

You can find the repository of all assets on github.com/dataobservatory-eu/music_economy_methods_indicators/.